3. Which one of the following would be considered a contingent liability? A) A company estimates that it will probably have to pay $75,000 to the EPA for a chemical spill. B) A company owes $35,000 on inventories purchased on credit. C) A company has access to a line of credit with a bank in the amount of $120,000. D) A company believes that it is reasonably possible it will lose a lawsuit and damages could be $100,000. E) None of the above